Fintech Today
  • About
  • Banking
  • Insurance
  • Resources
    • COVID-19
Subscribe
No Result
View All Result
  • Digital Transformation
  • Customer Experience
  • Cybersecurity & Risk
  • Regulation & Compliance
  • Claims Management
Fintech Today
  • Digital Transformation
  • Customer Experience
  • Cybersecurity & Risk
  • Regulation & Compliance
  • Claims Management
No Result
View All Result
Fintech Today
No Result
View All Result
Home Uncategorized

Using Data to Deliver Business Advantages to Insurers

by Jenna Sindle
August 14, 2018
in Uncategorized
Reading Time: 2 mins read
A A
Business Advantages to Insurers
Share on FacebookShare on Twitter

In the insurance industry, leaders must take an offensive position to find success which can be achieved by using data to deliver business advantages to insurers.  With improved competitive position, optimized data analytics, transformation, and visualization provided by Single View technology, insurers can utilize data to grow business. Single View resources allow insurers to gain 360-degree insights on customers improving engagement, while decreasing costs.

Traditional data management systems can take up to 8 months to collect, steam, and analyze data. Single View technology cuts out manual coding and provides users with automated data collection that answers who, what, when, and how. Single View technology helps insurers predict the future behavior of a buyer which improves forecasting accuracy and up-selling opportunity.

With a transformational graph-database, users are provided with visuals that make data easy to understand. This data can be used to target new and existing customers and identify a consumer’s preferred method of communication, all in real-time. Automated systems help to answer the questions:

What are my customers doing?

What will my customers do?

How should I respond in the future?

“Consumers are more open to sharing data if they get something of value in return.  Providing insights and preventing future pain has value, and when done right can create a meaningful differentiation,” said Mariel Devesa, the former head of innovation at Farmers Insurance.

Single View technology also helps ensure compliance by handling private data with care. Insurers who utilize Single View technology can expect greater customer engagement and reduced costs due to automated data analysis.

Want to keep up on the latest insurance news? Subscribe today; just click here.

Tags: Pitney BowesSingle View

RELATED POSTS

Three Things 2019 Taught Bankingtech Professionals About Data
Banking

Three Things 2019 Taught Bankingtech Professionals About Data

December 20, 2019
Using Knowledge Fabric to Meet Customer Expectations in the Digital Era
Banking

Using Knowledge Fabric to Meet Customer Expectations in the Digital Era

December 9, 2019
Is Place Data the Most Important Part of an Organization’s Knowledge Fabric?
Banking

Is Place Data the Most Important Part of an Organization’s Knowledge Fabric?

December 4, 2019

TRENDING NOW

  • Who’s Driving Digital Transformation for Banks and Financial Institutions?

    Who’s Driving Digital Transformation for Banks and Financial Institutions?

    499 shares
    Share 200 Tweet 125
  • With a Virtual CISO, Financial Services Institutions Can Upgrade Their Security Posture

    496 shares
    Share 198 Tweet 124
  • Email Phishing and Spam Protection Help Financial Services Institutions Build Trust and Credibility with Customers

    506 shares
    Share 202 Tweet 127
  • Arizona’s Motor Vehicles Department (MVD) Makes Payment Offerings More Accessible

    645 shares
    Share 258 Tweet 161
  • Selling Life Insurance Policies Via Vending Machines is the Ultimate Form of Customer Convenience

    554 shares
    Share 222 Tweet 139

CONNECT WITH US

Advertisement Banner Ad Advertisement Banner Ad Advertisement Banner Ad
Advertisement Banner Advertisement Banner Advertisement Banner

BECOME AN INSIDER

Get Financial Technology Today news and updates in your inbox.

Strategic Communications Group is a digital media company that helps business-to-business marketers drive customer demand through content marketing, content syndication, and lead identification.

Related Communities

Future Healthcare Today
Government Technology Insider
Modern Marketing Today
Retail Technology Insider
Today’s Modern Educator

Quick Links

  • Home
  • About
  • Contact Us

Become a Sponsor

Financial Technology Today offers content and advertising sponsorships to leading technology solution and service providers. Interested in becoming a sponsor? Contact us!

© 2023 Strategic Communications Group, Inc.
Privacy Policy      |      Terms of Service

No Result
View All Result
  • Home
  • About
  • Banking
  • Insurance
  • Categories
    • Digital Transformation
    • Customer Experience
    • Cybersecurity & Risk
    • Regulation & Compliance
    • Claims Management
  • Contact Us